I'd love to see gold tank...

...but that is just not in the cards. This thing is just lifting off.

 

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Yes, we do have lift off...

 

your right it could tank . it may be the next bubble. but?

 

Danr, you've been rooting against gold for a long time.

 

You have the worst record for giving accurate predictions be it PMs or Commems, but just like those who say this or that PM will reach a certain price, eventually you will be right too, then you can claim you were right all along. :secret:

 

Don't own a heck of a lot of gold but I'm glad I bought it for the price I bought it when I bought it. That make sense?

 

Yup.

 

Not sure you understood me on that. I am saying that I think gold will keep going up but i would like it to go down. In this case I actually hope that i am wrong!

 

I understood you very clearly, just saw another post about thoughts on where a price will go and had to offer my caution.

 

There is no merit in predicting correctly, and no shame in predicting wrong. The error comes in when you convince yourself you can predict at all. Self-deception is the enemy of success.

 

Sounds like my fortune cookie....

 

Proverbial indeed.

 

Don't worry, when the Dow goes down to 1000 gold will go back to $35 an ounce and then you can buy!

 

that's why we 'diversifyyyyyyy'

 

I think we can all agree that gold will eventually go down, but will most likely go up before that happens. I have a secret number in my head that is the "buy price" for gold. If it doesn't ever get that low again, well then I guess the only gold I'll be in possession of is inside my computer!

 

I'm not sure we all agree. There is a good chance that nobody alive today will ever see gold below $1000 again. There are people who wanted to buy gold that wouldn't buy at $700 because they wanted it at $500 again. And they sure didn't buy at $1000 because they wanted it at $700. And they sure won't buy at $1200 because they want it for $1000. Most likely, they will never own any gold because they can't mentally come to grips with the bull market in progress.

 

Yup that's me. About 3 or 4 years ago I was looking at $20 St. Gaudens slabbed by NGC at $750. So I passed [procrastinated] even though I could have picked up a dozen at that price.

 

So... you can still take that $9 grand and buy a few raw or a couple graded or one super nice Saint now before you can only buy one or none in the lowest quality ranges down the road... [$750 x 12 = $9000]

Still procrastinating?

 

That's always the buyer's dilemma. The right price is always just a little bit lower than the current price.

 

There you go, talking about me again!

I wonder if it dipped to $500 tomorrow, how many of us would still not buy, waiting for it to go to $300? I think for some people, there is never a "right" time to buy.